The City shall have the power to acquire private property of every type and nature by purchase, gift, condemnation, lease, construction, or in any manner permitted by law, for any public use or purpose within the scope of its powers, whether herein specifically mentioned or not and whether located within or outside of its corporate limits or within or outside of St. Clair County.
(a) 
The City may maintain, develop, operate, lease and dispose of its property subject to any restrictions placed thereupon by law or by this Charter.
(b) 
The City Council shall designate by ordinance all property which is an officially dedicated park or cemetery. Once property is so dedicated, no park, cemetery or any part thereof, shall thereafter be sold unless approved by a majority of the electors voting thereon at a regularly scheduled or special election.
(c) 
The City shall not engage in a business enterprise requiring an investment of money in excess of the amount provided by law unless approved by a majority of the electors voting at a regularly scheduled or special election.
(d) 
The City shall not have the power to develop, lease, sell or otherwise dispose of any waterfront property, or property contiguous to the waterfront, unless such action is approved by a majority of the electors voting thereon at a regularly scheduled or special election.
(e) 
The City shall not have the power to vacate any street or public place leading to a waterfront unless such action is approved by a majority of the electors voting thereon at a regularly scheduled or special election.
The City Council shall have power to enact all ordinances deemed necessary for the establishment, maintenance and protection of all cemeteries and parks, together with improvements thereon and appurtenances thereto, owned or acquired by the City, either within or without its corporate limits.
All trusts established for cemeteries, parks or other purposes shall be used and continued in accordance with the terms of such trusts. The City may, in its discretion, receive and hold any property in trust for cemeteries, parks or other public purposes and shall apply the same to the execution of such trusts and for no other purposes whatsoever.